Production levels at Iraqs Rumaila oilfield has exceeded the 10 per cent increase required for oil-giants BP and Chinas CNPC to start recovering development costs.
Exploration & Production
Abu Dhabi finishes oil pipeline
Abu Dhabi finished construction of a pipeline that runs across the emirate and will transport large quantities of crude from the countrys oilfields directly to the coast.
Libyan oilfields face production cut
The continuing unrest in Libya has resulted in production at Libyan oilfields being cut by more than half according to the IEA.
Schlumberger awarded contracts to drill Iraqi wells
Schlumberger, the oil services firm, has been awarded a contract to drill 10 wells in Iraqs West Qurna Phase One oilfield by ExxonMobil and its partners.
No new oil concessions in Libya in 2011
Libya does not intend to issue any new oil concession licences this year according to the chairman of the countrys National Oil Corporation (NOC) Shokri Ghanem.
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